I communicate regularly with people in mainland China. For me the best policy is just don't say anything that I would be too concerned about being shared. Of course, my behavior is the same for other apps. Beyond government-level type hacking, I feel a little more safe on some of the Chinese apps, as I know they have a stronger hand in their ability to stop hackers and scammers.
Hackers and scammers are no less prevalent on WeChat. Loads of people I know come in contact with them quite often. WeChat's monitoring isn't about stopping petty crime.